Southern First Bancshares (NASDAQ:SFST) Announces Earnings Results

Southern First Bancshares (NASDAQ:SFST) released its earnings results on Tuesday. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.38 by $0.16, RTT News reports. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.41%. The firm had revenue of $54.35 million for the quarter, compared to analyst estimates of $23.57 million. During the same period last year, the firm earned $0.51 EPS.

Southern First Bancshares Price Performance

NASDAQ SFST traded down $0.64 during trading on Thursday, hitting $37.79. 11,508 shares of the company’s stock were exchanged, compared to its average volume of 19,710. The company has a market cap of $308.22 million, a PE ratio of 23.04 and a beta of 0.81. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Southern First Bancshares has a fifty-two week low of $24.98 and a fifty-two week high of $39.36. The stock’s 50 day moving average price is $33.50 and its two-hundred day moving average price is $30.53.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

Insider Activity

In related news, Director Leighton M. Cubbage sold 1,744 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $31.18, for a total transaction of $54,377.92. Following the completion of the transaction, the director now directly owns 58,818 shares in the company, valued at $1,833,945.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Southern First Bancshares news, Director Leighton M. Cubbage sold 2,515 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $33.29, for a total value of $83,724.35. Following the completion of the transaction, the director now directly owns 54,303 shares in the company, valued at approximately $1,807,746.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leighton M. Cubbage sold 1,744 shares of Southern First Bancshares stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $31.18, for a total value of $54,377.92. Following the sale, the director now directly owns 58,818 shares in the company, valued at $1,833,945.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,549 shares of company stock worth $178,118. Corporate insiders own 7.62% of the company’s stock.

About Southern First Bancshares

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit.